Real Estate & Environment

We offer a full range of services in areas including acquisitions and disposals, construction, financing, land use, planning and development, leasing, environmental law, insurance, and taxation. Our clients benefit from our significant experience in orchestrating complex, long-term projects that involve drafting documentation, facilitating negotiations, navigating legal and regulatory issues, and litigating on their behalf. The breadth of our client base provides us with knowledge, enhanced by hands-on experience from all perspectives. We have mastered the local intricacies of law related to real estate, but we also know how to combine it with a broader international-minded approach. Our experts form the only truly specialized environmental law team in the market that provides comparative regulatory advice and supports transactional activities of our clients.
Key projects in the field

Key contact

Audrius Petkevičius


Co-head of Real Estate & Environment Practice

Dr. Olga Petroševičienė


Co-head of Real estate & Environment practice
+370 656 68964

Dr. Robertas Čiočys


Head of M&A, Private Equity and Corporate Establishment Team

Dovilė Stančikaitė

Associate Partner


Nijolė Vaičiūnaitė



Ema Būtėnienė



Julija Nikitaravičienė

Associate Partner


Gabrielė Vazniokaitė

Senior Associate


Giedrius Svidras

Senior Associate


Kristina Matvejenkaitė

Senior Associate


Dominykas Užkurnys

Senior Associate

What's new in the field
Ellex competences in the market strengthened by new partners
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Key projects in the field

Ellex competences in the market strengthened by new partners
Ellex Valiunas, the largest law firm in Lithuania, expands its team of partners. From January, Giedrė Aukštuolienė, head of the Dispute Resolution practice, and dr. Olga Petroševičienė, one of the best known real estate experts in Lithuania, have become partners of the law firm. Martin Mäesalu, a new partner in Estonia, joined Ellex too.

Partner Aukštuolienė started her career at the law firm a decade ago. During this time, she became one of the most promising representatives of lawyers' young generation in litigation and arbitration. Her experience covers both complex business litigation cases in Lithuania and wide-range client representation in commercial arbitration. She also successfully represented the Republic of Lithuania in investment arbitration processes. Jointly with partner Ramūnas Petravičius, Aukštuolienė leads the largest Dispute Resolution practice in Lithuania – 26 lawyers in total.

Last year alone, Ellex in Lithuania represented its clients in almost 300 litigation and arbitration cases where the total amount of disputes exceeded EUR 2.6 billion.

After joining the team of partners dr. Olga Petroševičienė became the 20th partner of the law firm in Lithuania. It is this office where Olga started her career as an attorney 14 ago. Later, she worked in various smaller law firms and individually represented major business companies and thus acquired valuable real estate law experience. Jointly with Audrius Petkevičius, she will lead the Real Estate and Environment practice.

"I return to Ellex Valiunas after a break, thanks to which I can give the law firm the top competence both as a real estate expert and the leader of the entire practice team. Work with Ellex will undoubtedly involve highly complex projects. I see it as an ambitious challenge to return in 2021 as clients will need targeting and long-lasting solutions in the pandemic", Olga states.

With the new partners joining our team, the law firm also considers gender equality relevant in the lawyers' community. Currently, the overall male-female ratio is equal in the law firm, while women in the management positions make up more than half.

According to Rolandas Valiūnas, managing partner of the law firm in Lithuania, in 2020 Ellex demonstrated the top legal level in various aspects: "In the overall opinion of law firms' clients, we have the best legal competences and are the most reliable strategic partner, and also the best law firm in the Baltics according to the prestigious rating of The Lawyer, as well as absolute leaders in the M&A transaction market in the Baltics according to the rating of Mergermarket. I believe that the last year showed that Ellex's clients win". According to Valiūnas, the strengthened team of the practice leaders is also a strong message to the clients who choose the law firm in expectation of the best result and effective project management. "I am happy that the young generation of lawyers gets increasingly involved in leadership at our law firm," Valiūnas says.

Immediately before 2021, the partners' team was enlarged in Estonia's Ellex office, too – Martin Mäesalu, head of the Competition and State Aid practice, became the 14th partner.
Ellex Valiunas is part of Ellex, the largest and most highly ranked circle of business law firms in the Baltics. With 100 lawyers In Lithuania, in the Baltics, it unites over 200, 42 of which are partners. Together with the business support team, the circle has more than 280 employees in the three countries.
Ellex Valiunas assisted EECP on the acquisition of a 4 255 sq m shopping centre
The law firm Ellex Valiunas assisted Norwegian real estate development company EECP on the acquisition of a shopping centre nearby Molėtai, which is leased by the retail chain Maxima and other companies.

A 4 255 sq m shopping centre located by the highway Vilnius-Utena was built in 2008.

EECP owns two companies in Lithuania: EECP Retail Properties II and EECP Retail Properties III. According to the data of the end of 2018, the total value of assets of EECP Retail Properties II amounted to EUR 36,3 million, while the total value of assets of EECP Retail Properties III – EUR 3,4 million.

The law firm Ellex Valiunas represented EECP in negotiations, performed the due diligence, advised and drafted the documents for the acquisition of a shopping centre. The project team included associate partner Julija Nikitaravičienė, senior associates Gabrielė Vazniokaitė and Galina Barin.
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Ellex Valiunas represented Moody’s Corporation in the lease deal with SBA group regarding office lease in business centre Green Hall 3
The law firm Ellex Valiunas represented the US financial services company Moody’s Corporation (Moody’s) in signing the agreement with SBA group on the lease in the office building Green Hall 3. More than 50 employees will be relocating to the office of approximately 1 600 sq. m or two upper floors of Green Hall 3 in March 2020.

 “Moody’s chose Vilnius as its newest European office in large part because of the impressive talent available,” said Mariano Andrade Gonzalez, Moody‘s Lithuania CEO. “As we continue to grow our presence in Vilnius and hire more people, we want to be able to offer our employees optimal space that inspires them to thrive and also reflects who we are as a company.”

Ellex Valiunas represented Moody’s in the negotiations, advised and drafted the documents for the office lease deal. The project was led by associate partner Dovilė Stančikaitė.

About Moody's Corporation 
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 42 countries. 
About SBA group 
The SBA Group is one of the largest companies in Lithuania operating in the real estate, textile and furniture manufacturing sectors. The group’s companies employ close to 5,000 people. SBA owns Urban Inventors, a real estate innovation company. It develops the Green Hall business centre in Vilnius and the BLC business centre in Kaunas, as well as the investment management company Capitalica Asset Management, which manages the Kauno Dokas business centre in Kaunas and 135 in Vilnius and is going to develop a modern office complex Verde in Skanste district of Riga, near the city center. The SBA furniture manufacturing sector includes SBA Baldų Kompanija, which manages Klaipėdos baldai, Šilutės baldai, Germanika, Visagino linija and Mebelain, as well as Kauno baldai. The textile sector of SBA consists of Utenos trikotažas together with the companies Šatrija and Mrija.
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